Glossary Term

Current Account

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A nation’s current account is simply a record of all the transactions it has made with the outside world over a given period of time (i.e. quarterly or annually). It is part of a broader metric called the Balance of Payments, but focuses specifically on trade, investments and transfers. A nation’s current account can be found to be in surplus or deficit depending on whether the nation in question is exporting more than it’s importing (or vice versa) and whether it’s lending more than it’s borrowing (or vice versa).

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what is the meaning of a current account

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